Sunil Vaswani tops list of rich Indians in the Gulf region

Image
Press Trust of India Dubai
Last Updated : Feb 09 2015 | 1:40 PM IST
A Dubai-based Indian businessman, whose company's networth is USD 7.2 billion, has topped the Indian rich list for 2015 in the Gulf region.
Sunil Vaswani is the chairman of Stallion Group, a Nigeria based multinational conglomerate operating in 18 countries, including the UAE.
The second position in Arabian Business GCC Indian Rich List has been bagged by last year's top-placed entry, IFFCO's FerozAllana, who's net worth is USD 4.5 billion.
Altogether, 11 billionaires make this year's list, with the total wealth of the Gulf's 50 richest Indians valued at just over USD 50 billion.
RP Group's Dr Ravi Pillai bagged the third place, with USD 3.6 billion. BR Shetty, founder of NMC Healthcare, bagged the fourth position.
The fifth position was secured by LuLu International managing director Yusuffali MA, whose company is worth USD 3.21 billion. Real estate mogul Ashok Uttamchandi is the last-placed entry on this year's list, with USD 240 million, Arabian Business said on its website.
The members of GCC are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 09 2015 | 1:40 PM IST

Next Story